Inox Wind signs MoU with Inox Clean

Inox Wind Ltd (IWL) has signed an MoU with Inox Clean Energy (Inox Clean), India’s fastestgrowing independent power producer (IPP) and solar cell & module manufacturing platform, to supply 1,500 MW of wind turbines.

The MoU is to supply Inox Clean with IWL’s advanced 3.3 MW and 4X MW wind turbines for renewable energy projects being developed by Inox Clean across India.

This is in line with the elaborate interplay within INOXGFL Group entities, aiding execution and revenue generation and creating a virtuous cycle of collaboration among Group companies. Large orders from the Group companies will help secure growth and insulate the business from market cycles.

The MoU follows the Group’s recently launched transformative ‘One Integrated’ renewable strategy, aimed at creating a fully integrated renewable energy ecosystem spanning manufacturing, EPC, IPP and O&M services.

The integrated strategy combines the strengths of Inox Clean Energy, Inox Renewable Solutions (IRSL), Inox Green Energy Services and Inox Wind to create a scalable renewable energy powerhouse with enhanced execution capabilities, stronger recurring revenue streams and long-term growth visibility.

At 3.19 pm, Inox Wind Ltd was trading at Rs. 90.80, up by 1.05%, with a volume of 13.90 lakh shares on the BSE.